Oligopoly

 

 


 

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E.g., 2016-12-09
E.g., 2016-12-09
E.g., 2016-12-09
Dec 5th 2016

The final module of the Power of Markets course begins by further exploring firm behavior in imperfectly competitive market settings: how firms with monopoly power can increase profits through price discrimination; and the price-output combinations we can expect firms to select in cases of monopolistic competition and oligopoly. We will also analyze monopolies from an efficiency perspective and look at the effects of imperfect information on firm and consumer behavior. We will next turn to exploring input markets and what determines the demand for an input by a firm, an industry, and the overall market.

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Sep 19th 2016

Use economic models to learn how prices and markets benefit society in the face of scarcity, and then apply those models to analyze policy. What is produced in an economy? How is it produced? Who gets the product? Microeconomics seeks to answer these fundamental questions about markets.

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